16TH FEBRUARY 2020 NEWS

CITY NEWS

Appellate tribunal: Builders cannot sell open parking space seperately

Publication: THE INDIAN EXPRESS Date : 16 FEBRUARY 2020

CHENNAI: In a significant order, the Tamil Nadu Real Estate Appellate Tribunal has ruled that builders cannot sell open parking space or stilt car park areas separately.

REALTY NEWS

Real estate body launched app to facilitate homebuyers

Publication: ECONOMIC TIMES Date : 16 FEBRUARY 2020

The Confederation of Real Estate Developers’ Association of India (CREDAI) has launched an app to facilitate home buyers in buying property through credible developers. The app will help buyers to identify their preferred projects and contact developers directly.

17TH FEBRUARY 2020 NEWS

CITY NEWS

BMC looks for more space near 8 PPLs

Publication: HINDUSTAN TIMES Date : 11 FEBRUARY 2020

To make space for more cars, the Brihanmumbai Municipal Corporation (BMC) along with Mumbai Parking Authority (MPA) is looking for additional parking slots near public parking lots (PPL) that are high in demand.

REALTY NEWS

Amid stress in realty, large builders lap up prime plots in distress sales

Publication: MINT Date : 17 FEBRUARY 2020

Over the past two years, land prices have fallen by up to 50% in Delhi-NCR, and 10-15% in cities like Mumbai and Pune This month, retail firm D-Mart founder Radhakishan Damani bought an 8.8-acre parcel at Mumbai’s Borivali suburb from debt-laden CCI Projects for over ₹500 crore